Balance, May 1, 2023 Issued common shares Net income Dividends declared Balance, April 30, 2024 Common Shares $24,050 254,000 $278,050 Sunland Inc. Statement of Changes in Equity Year Ended April 30, 2024 Retained Earnings $ $ $ $0 [4] [5] [6] $ Total Equity. $24,050 254,000 [7] (9,500) $446,675
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9
![Balance, May 1, 2023
Issued common shares
Net income
Dividends declared
Balance, April 30, 2024
Common Shares
$24,050
254,000
$278,050
Sunland Inc.
Statement of Changes in Equity
Year Ended April 30, 2024
Retained Earnings
LA
$
$
$0
[4]
[5]
[6]
Total Equity.
$24,050
254,000
[7]
(9,500)
$446,675](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0fcae53a-1593-46d5-b463-d611b6292763%2F31117946-8ef4-4275-9c5e-cea0ae88161a%2F5jly4km_processed.jpeg&w=3840&q=75)
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- Un=nttps%253A%252F%252Flms.mheducation.com%252F... Pa hapter 16, 17, 18) 6 Saved Help Save & Exit Submit The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: ($ in millions) 2021 2020 $600 300 600 $612 Common stock, $1 par per share Paid-in capital-excess of par Retained earnings 348 628 During 2021, Time declared and paid cash dividends of $90 million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during 2021. What was Time's net income for 2021? Multiple Choice $28 million $130 million $118 million Next 30 of 39 < Prev Question no...pages nagesRa Subject-Accounting at december 31, 2022 and 2023 sunland corp had 102000 common shares and 10200 $4 no par value cumulative preferred shares outstanding. No dividends were declared in 2022 or 2023. Net income for 2023 was $296780. For 2023 basic earnings per share would beStatement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan. 1 Balance 1,200,000 Apr. 14 Issued 18,600 shares 558,000 Dec. 31 Balance 1,758,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 192,000 Apr. 14 Issued 18,600 shares 130,200 Dec. 31 Balance 322,200 TREASURY STOCK Aug. 7 Purchased 3,100 shares 86,800 RETAINED EARNINGS Mar. 31 Dividend 31,000 Jan. 1 Balance 2,090,000 June. 30 Dividend 31,000 Dec. 31 Closing Sept. 30 Dividend 31,000 (Net income) 314,000 Dec. 31 Dividend 31,000 Dec. 31 Balance 2,280,000 Prepare a statement of stockholders’ equity for the year ended December 31, 20Y9. If an amount box does not require an entry, leave it blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. I-Cards Inc.Statement of Stockholders' EquityFor the Year Ended…
- Share Issuances for Cash and Non-Cash Considerations Problem #13 0n Jan. 1, 2018, the following accounts and their balances appeared in the ledger of Fuentes Corporation: Preference P9 Shares, P100 par, 10,000 shares authorized, 5,000 shares issued Share Premium-Preference Ordinary Shares, P20 par, 100,000 shares authorized, 75,000 shares issued Share Premium-Ordinary Retained Earnings P 500,000 80,000 1,500,000 125,000 505,000 At the annual shareholders' meeting on Feb. 11, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately P600,000. The plan provided (a) that the corporation borrow P175,000, (b) that 1,000 shares of the unissued preference shares be issued through an underwriter, and (c) that a building valued at P280,000, and the land on which it is located, valued at P50,000, be acquired in accordance with preliminary negotiations by the issuance of 15,000 ordinary shares. The plan was approved by the shareholders and…Share capital, P5 par Share premium Retained Earnings Treasury shares at cost Dec. 31, 2019 Dec. 31, 2018 P7,500,000 P4,500,000 52,000,000 10,000,000 19,500,000 15,500,000 7.000,00 5,000,00 Treasury shares were 600,000 on December 31, 2019 and 400,000 on December 31, 2018. How many shares are issucd and outstanding as of December 31, 2019? 600,000 900,000 1,000,000 1,500,000 answer not givenStatement of Stockholders' Equity Potter Financial Services, Inc. For the Year Ended December 31, 20Y1 Common Retained Stock Earnings 210,000 Total Balances, January 1, 20Y1 Issued Common Stock 40,000 250,000 60,000 128,600 10,000 448,600 60,000 128,600 10,000 348,600 Net Income for the Year Dividends Balances, December 31, 20Y1 100,000
- Net Income Tk.25,00,000Preferred stock:50,000 shares outstanding Tk.100 par, 8%cumulative ,non-convertible Tk.50,00,000Common stock; share outstanding, January 1, 7,50,000 sharesIssue for cash May,1 3,00,000 sharesAcquired treasury stock for cash, August,1 1,50,000 shares2 for 1 stock split, November,1Required: Compute earnings per share.Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan. 1 Balance 1,300,000 Apr. 14 Issued 11,400 570,000 shares Dec. 31 Balance 1,870,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 208,000 Apr. 14 Issued 11,400 136,800 shares Dec. 31 Balance 344,800 TREASURY STOCK Aug. 7 Purchased 1,900 shares 91,200 RETAINED EARNINGS Mar. 31 Dividend 33,000 Jan. 1 Balance 2,260,000 June. 30 Dividend 33,000 Dec. 31 Closing Sept. 30 Dividend 33,000 (Net income) 339,000 Dec. 31 Dividend 33,000 Dec. 31 Balance 2,467,000 Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount box does not require an entry I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9You have been provided with the following extracts of the financial statements of Provision Ltd for the year ended 31 December 2018. Statement of financial position for the year ended 31 December 2018 Non-current assets Current assets Inventories Trade receivables Cash Total assets Equity and Liabilities Shareholders equity and reserves Contributed equity (ordinary shares) Retained income Preference shares - Non-current liabilities Loan Current liabilities Trade payables Dividends payable Inland Revenue Total equity and liabilities Note 1 S S SSS S $ SSS S SSS S S S 2018 328,000 S 498,000 S 170,000 S 90,000 $ 62,000 $ 55,000 18,000 $ 5,000 $ 2017 80,000 $ 48,000 $ 12,000 $ 20,000 $ 286,000 170,000 110,000 418,000 $ 290,000 170,000 $ 198,000 $ 50,000 $ S S 456,000 110,000 130,000 50,000 100,000 66,000 44,000 10,000 12,000 498,000 S 456,000 Extract from the statement of profit and loss for the year ended 31 December 2018: Gross revenue S 375,000 Cost of sales $ 217,000 S 158,000 Net…
- Solving hor Stockheiders Equity Amaunts Asume that the foitowing amounts are known for Colten Company for the current year Retained Earnings, beginning balance $346,000 etuned tarnings, ending balance 415,000 Net income 190,000 Fair valoe of arge stock dividend dectared 42,000 Oividend Payable, beginning balance 125,000 Dividend Payable, ending balance 138,000 Requiredi 1. Assume that the ortly atter amount that affected Retained Earnings during the year was a cash dividend that was declared. Compute the amount of the cash dividend deciared during the curent yeat 2. Compute the amount of cash aividends actually paid in cash tif stockhoiders during the year.Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan. 1 Balance 1,500,000 Apr. 14 Issued 17,400 shares 696,000 Dec. 31 Balance 2,196,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 240,000 Apr. 14 Issued 17,400 shares 139,200 Dec. 31 Balance 379,200 TREASURY STOCK Aug. 7 Purchased 2,900 shares 107,300 RETAINED EARNINGS Mar. 31 Dividend 38,000 Jan. 1 Balance 2,610,000 June. 30 Dividend 38,000 Dec. 31 Closing Sept. 30 Dividend 38,000 (Net income) 392,000 Dec. 31 Dividend 38,000 Dec. 31 Balance 2,850,000 Prepare a statement of stockholders’ equity for the year ended December 31, 20Y9. If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. I-Cards Inc. Statement of Stockholders' Equity For…View Policies Current Attempt in Progress On January 1, Swifty Corporation had 71000 shares of $10 par value common stock outstanding. On June 17, the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $14 on June 17. The stock was distributed on June 30. The entry to record the transaction of June 30 would include a O debit to Common Stock Dividends Distributable for $149100. O debit to Stock Dividends for $42600. O credit to Paid-in Capital in Excess of Par for $42600. O credit to Common Stock for $106500. Save for Later Attempts: 0 of 1 used Submit Answer
